energy account series 2 - bestadvice.ie
TRANSCRIPT
ENERGY account
series 2
the bank of me and My kind of Savings for my kind of energy
2 Energy Account
Contents
Page
3. WHAT THE ACCOUNT OFFERS YOU
4. INTRODUCTION
IS THIS SUITABLE FOR YOU?
5. WHY YOU MIGHT INVEST
6. STOXX EUROPE OIL & GAS INDEX
7. WHAT YOU MIGHT EARN
8. KEY FEATURES
10. TERMS AND CONDITIONS
14. OTHER INFORMATION FOR YOU
15. PERSONAL APPLICATION FORM
19. ABOUT KBC
Energy Account 3
What the Account offers you
underlying asset• STOXX Europe Oil & Gas Index
Maximum Potential return• Maximum Index performance: 16%
• Secure Version: 100% of the performance of the Index
Maximum Return: 16% (AER 4.32% *)
• Growth Version: 200% of the performance of the Index
Maximum Return: 32% (AER 8.24% *)
Minimum Potential return• No Interest will be earned if the performance of the Index is zero or negative
Capital security at maturity• Secure Version: 100% regardless of the performance of the Index
• Growth Version: 90%-100% if the Index performance is between 0% and -10%
• Capital security is provided by KBC Bank Ireland plc
Managing your risk• Tailor the risk and return profile of your investment to suit your personal
requirements by dividing your investment between the Secure Version and the
Growth Version
3½ YEAR DEPOSIT TERM• No withdrawal may be made before the end of the Term
closing date• The Closing Date for fully completed applications is 4 p.m. on 19 June 2015
*Annual Equivalent Rate
WARNING: IF YOU INVEST IN THIS PRODUCT YOU WILL NOT HAVE ANY ACCESS TO YOUR MONEY FOR 3½ YEARS.
WARNING: IF YOU INVEST IN THE GROWTH VERSION YOU COULD LOSE 10% OF THE MONEY YOU INVEST.
IntroductionThe turmoil in financial markets over the past six years has caused
investors to become more risk averse. Wealth preservation has
become the most important investment objective for many investors
but they still have to place their money where they think it will achieve
the best return for a given level of risk. The challenge, however, is to
determine the level of risk that is commensurate with the potential
return that may be achieved.
Structured deposits offer a solution to this by enabling investors to
manage their risk exposure for a given level of potential return. The
opportunity cost is the risk free rate of return that would otherwise
be earned over the same deposit term. Investors must therefore
evaluate the trade-off between these returns in their quest for better
performance.
Other factors that need to be considered include the underlying
asset and the term of the deposit. Taking all of these factors into
account, investors are increasingly using structured deposits
as a separate component in the construction of their investment
portfolios in order to produce a more optimal trade-off between risk
and return.
is this Suitable for you?This product is suitable for investors who:
• have a minimum of €10,000 to invest
• are satisfied with the creditworthiness of KBC Bank Ireland plc, a
wholly owned subsidiary of Belgian-based KBC Bank NV
• have a low to medium tolerance to capital risk (the Secure
Version is 100% capital secure at maturity and the Growth
Version is 90% capital secure at maturity)
• have a high tolerance to interest risk: any interest payable is
dependent on a positive performance of the STOXX Europe Oil
& Gas Index
• are willing to accept a maximum potential return of 16% (AER
4.32%) in the Secure Version and 32% (AER8.24%) in the
Growth Version or a minimum potential return of 0.0% in the
Secure Version and -10% in the Growth Version
• are able to commit funds for 3½ years and do not anticipate any
need to withdraw that money before the Maturity Date, even in
the case of an emergency
4 Energy Account
Energy Account 5
Why you might investEconomic activity and the price of oil
Since the turn of the century, the global economy has grown by 3.9% per annum in
nominal terms, fuelled by an unparalleled expansion in credit. The resulting rise in the
demand for energy was not matched, however, by an increase in the supply of oil whose
price increased almost sevenfold to US$140 per barrel in mid-2008 before collapsing by
70% to US$40 per barrel in the second half of that year. The price tripled again over the
next 2½ years, then traded at an average price of US$110 per barrel until mid-2014 since
which time it has fallen back to around US$60 per barrel.
World energy supply...
In contrast to 2008 when a demand scare led to a sharply lower oil price, the recent price
decline principally mirrors an increase in supply to a point where it now exceeds demand.
This in turn reflects a significant rise in US shale oil and Canadian oil sand production,
a reluctance of OPEC producers to reduce output and a steady increase in renewable
energy sources.
...and demand for energy
Broadly stable demand for oil in developed markets has contrasted with consistently
rising demand in emerging markets. However, with signs of a slower increase in emerging
market demand and greater energy efficiency in general, the pace of growth in demand
for oil is likely to decline.
The global supply-demand balance for oil
The future direction of energy costs is crucially dependent on the global supply-demand
balance for oil. The relatively low current price would indicate that high marginal cost
producers, principally non-OPEC suppliers, will reduce output and thereby restore
equilibrium in the market place. The market is presently waiting for evidence of moderating
supply that would lead to price stability or even a resurgence in the price of oil.
The STOXX Europe Oil & Gas Index
The Index is comprised of 25 European companies that are involved in the energy sector.
It is important to note, however, that while there is a high quarterly correlation between
the performance of the Index and the price of oil, other factors may influence stock price
of each constituent relative to the price of oil.
STOXX europe OIL & GAS index
Historical PerspectiveThe charts below show the price movement of the Index over
3½ and 10 years to the end of March 2015.
Company Country Index Weight*
BP UK 26.0%
Total France 14.4%
Royal Dutch Shell Netherlands 14.1%
BG Group UK 12.2%
Eni Italy 10.1%
Statoil Norway 4.3%
Repsol Spain 4.0%
Vestas Wind Systems Denmark 2.0%
Technip France 1.5%
Amec Foster Wheeler UK 1.1%
Tullow Oil UK 1.1%
Galp Energia SGPS Portugal 1.0%
Seadrill Bermuda 0.9%
OMV Austria 0.9%
John Wood Group UK 0.8%
Petrofac UK 0.8%
Neste Oil Finland 0.7%
Lundin Petroleum Sweden 0.7%
Saipem Italy 0.6%
Gamesa Corp. Tecnologica Spain 0.6%
Subsea 7 UK 0.5%
TGS Nopec Geophysical Co. Norway 0.5%
SBM Offshore Netherlands 0.5%
Abengoa Spain 0.4%
Genel Energy UK 0.3%
ConstituentsThe STOXX Europe Oil & Gas Index is a market capitalisation-weighted index of 25 European companies that are involved in the energy sector.
The headquarters location and weighting of each constituent is as follows:
Source: Bloomberg
*Rounded
Source: Bloomberg
The price performance of the Index to the end of March 2015 was as follows:
3½ Years
WARNING: PAST PERFORMANCE IS NOT A RELIABLE GUIDE TO FUTURE PERFORMANCE.
6 Energy Account
2011 2013 2014
260
10 year
3.5 year
2012 2015
280
300
320
340
360
380
10 Years
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
250
2015
300
350
400
450
500
10 year
3.5 year Year(s) 1 2 3½ 5 10
Performance -9.0% -4.7% 7.7% -8.3% -9.0%
TABLE 1: Illustrated Calculation of Deposit Returns
Secure Version
Before Tax €10,000 €10,000 €10,000 €10,500 €11,000 €11,600 €11,600
AER 0.00% 0.00% 0.00% 1.40% 2.76% 4.32% 4.32%
After Tax €10,000 €10,000 €10,000 €10,295 €10,590 €10,944 €10,944
AER 0.00% 0.00% 0.00% 0.83% 1.65% 2.61% 2.61%
Growth Version
Before Tax €9,000 €9,000 €9,500 €11,000 €12,000 €13,200 €13,200
AER -2.96% -2.96% -1.45% 2.76% 5.34% 8.24% 8.24%
After Tax €9,000 €9,000 €9,500 €10,590 €11,180 €11,888 €11,888
AER -2.96% -2.96% -1.45% 1.65% 3.23% 5.06% 5.06%
What you might earnThe Energy Account offers you two levels of capital risk and potential return –
• the Secure Version provides you with 100% capital security and the opportunity to earn interest equal to 100% of the positive
performance of the STOXX Europe Oil & Gas Index over the investment term subject to a maximum return of 16% (AER 4.32%) after
3½ years.
• the Growth Version provides you with 90% capital security and the opportunity to earn interest equal to 200% of the positive
performance of the STOXX Europe Oil & Gas Index over the investment term subject to a maximum return of 32% (AER 8.24%) after
3½ years.
Reflecting your individual risk and return preference, you may choose to invest in any combination of the two Versions (subject to a
minimum investment of €5,000 in any one Version).
If the performance of the Index is zero or negative, no interest will be earned by investors –
• in the Secure Version who will receive back their original investment sum.
• in the Growth Version who will receive back between 90% and 100% of their investment sum. If the Index performance is between
0% and -10%, the amount you receive back will be reduced by 1% for every 1% fall in the level of the Index.
For an investment of €10,000 in either the Secure Version or the Growth Version, the table below illustrates how potential returns are
calculated, based on a set of assumed Index performances and a Deposit Interest Retention Tax rate of 41%.
Source: KBC Bank Ireland
Index Performance -16% -10% -5% 5% 10% 16% 20%
WARNING: THESE FIGURES ARE ESTIMATES ONLY. THEY ARE NOT A RELIABLE GUIDE TO THE FUTURE PERFORMANCE OF THIS INVESTMENT.
WARNING: IF YOU INVEST IN THE GROWTH VERSION YOU COULD LOSE 10% OF THE MONEY YOU INVEST.
Energy Account 7
Key Features
the bank of meMy kind of Savings for my kind of powerHow does the Energy Account work?
The Product Producer is:
KBC Bank Ireland plc, Sandwith Street, Dublin 2.
Brief Description of the Benefits of the Account:
The Energy Account offers you the opportunity to participate in
the performance of the STOXX Europe Oil & Gas Index over a 3½
year investment term. Any interest earned will be based on the
positive performance of the Index and paid within five Business
Days of the Maturity Date. If the performance of the Index is zero or
negative, no Interest will be earned on the Account.
The Account offers you two levels of capital risk and potential
return –
• the Secure Version provides you with 100% capital security
at maturity and the opportunity to earn interest equal to 100%
of the positive performance of the STOXX Europe Oil & Gas
Index subject to a maximum return of 16% (AER 4.32%) after
3½ years.
• the Growth Version provides you with 90% capital security at
maturity and the opportunity to earn interest equal to 200%
of the positive performance of the STOXX Europe Oil & Gas
Index subject to a maximum return of 32% (AER 8.24%) after
3½ years.
If the Index performance is between 0% and -10%, the
amount you receive back will be reduced by 1% for every 1%
fall in the level of the Index. You may therefore lose up to 10%
of the money you invest.
The minimum investment in the Account is €10,000 and the
maximum investment is €1,500,000. Subject to a minimum
investment of €5,000 in any one Version, you may choose to
invest in any combination of the two Versions.
Capital security on the Account is provided by
KBC Bank Ireland plc.
Averaging:
The Account is structured to give a degree of protection against
a fall in the level of the Index in the last 6 months of the Term. The
Final Price of the Index is calculated by taking the average level
in the 6 months prior to the Final Valuation Date (7 observations)
thereby safeguarding against any sharp decline in the run-up to
maturity. Conversely, if there is a significant increase in the level of
the Index over the final 6 months, the averaging process will lower
the return that would otherwise be obtained.
Dividends:
The Energy Account will not be directly invested in securities
which are constituents of the Index and by investing in the
Account, neither you, as an investor in the Account, nor the Bank
will benefit from any dividends paid on those securities. The
Account is therefore suitable only as a capital growth investment.
Currency Risk:
The performance of the Index is calculated according to the
change in its nominal level and there is consequently no exposure
to exchange rates in the Account.
8 Energy Account
Where does my investment go?
Your proposed investment will be used, at the date of the deposit,
as follows:
• 100% of your investment will be held on deposit with the
Bank. In relation to Interest payable on the Account, you will
be entitled to the payment of such Interest at maturity after
deduction of tax (if applicable) in addition to the return of the
capital secure amount of your investment.
• The Bank may, on its own account, enter into a swap
arrangement with a third party whereby the Bank may agree
to exchange the income stream generated by your deposit
for such sums as may be necessary to pay any Interest due
on the Account. Any such swap arrangement made by the
Bank will not affect the obligation of the Bank with regard to
any Interest payable to you under the terms of issue of the
Account.
• Any benefit that the Bank receives by its use of the proceeds
from your deposit over and above the Interest that is payable
to you under the terms of the Energy Account will be for the
Bank’s own account. In the event that the Energy Account
is distributed through an appointed intermediary of the
Bank, a distribution fee up to 1.5% of the deposit sum will be
payable by the Bank to that intermediary. Any intermediary
remuneration will not affect the allocation of your investment
in the Energy Account or any Interest payable to you under
the terms of issue of the Account.
Do I have access to my investment?
Your investment is for the fixed Term of the Account and is
intended only for investors who do not require access to their
deposit prior to the Maturity Date. No withdrawal may be made
before the end of the Term. The ongoing cost of funding the
underlying structure that will pay any interest to you at maturity
means that the capital secure portion of the Account is only
payable within 5 business days of the Maturity Date. During the
Term, it may be difficult to obtain reliable information about the
value of or the extent of the risks to which the deposit is exposed.
What happens if I die before the Account matures?
In the event of the death of a sole investor or last surviving joint
Account holder prior to the expiry of the Term, the Account will
continue to the Maturity Date in the name of the executor or
administrator.
In the event of the death of a joint Account holder prior to the
expiry of the Term, the Account will continue to the Maturity Date
in the name(s) of the surviving joint account holder(s).
What about tax?
Interest payable on the Account is subject to Deposit Interest
Retention Tax (“DIRT”) where applicable and is currently payable
at 41%. On any such interest, DIRT will be deducted prior to any
Interest being paid. You should include this interest amount, before
DIRT, in your income tax return for the year in which it is received.
Both the rate of tax and tax rules are subject to change without
notice.
Some Irish resident investors, such as individuals over 65 and
those who are permanently incapacitated, may be entitled, in
certain circumstances and subject to the completion of certain
declaration forms, to be paid interest without the deduction of
DIRT. Companies, pension funds and registered charities may
be entitled, in certain circumstances, to be paid interest without
deduction of DIRT. It is the responsibility of investors to obtain any
tax relief that may apply. Tax reliefs are those currently applying,
are subject to change without notice and apply directly to the
customer. You should satisfy yourself in relation to Revenue
reporting requirements and any implications of non-disclosure.
If you are not resident in the Republic of Ireland for tax purposes,
you may be exempt from DIRT on the Account. It is your
responsibility to seek any applicable exemption. The Bank will
deduct DIRT from the Account of non-residents unless a fully
completed non-resident declaration form and other verification
documentation required has been received by the Bank.
Energy Account 9
1. DefinitionsThe following definitions apply to these Terms and Conditions and the contents of this Brochure:‘Account’ and ‘Energy Account’ means the Energy Deposit Account Series 2 which commences on the Start Date and comprises the Secure Version which has 100% capital security and the Growth Version which has 90% capital security, each a ‘Version’. ‘AER’ means Annual Equivalent Rate, calculated as the gross rate of interest adjusted for 365 days in a year.‘Application’ means the completed application form together with a correctly referenced deposit for lodgement to the Account and all ancillary documentation as may be required by the Bank to open the Account.‘Bank, we, our, us’ means KBC Bank Ireland plc.‘Brochure’ means the document which explains the features and operation of the Energy Account and includes these Terms and Conditions.’Business Customer’ means a sole trader, a company with a turnover of less than €3 million, pension funds, partnerships, trusts, co-ownerships, charities and any person opening an Account in his or her capacity as a professional advisor.‘Business Day’ means a day (other than Saturday or Sunday) on which banks in Ireland are generally open for business.‘Closing Date’ means 19 June 2015.‘Execution Only’ means where your decision to invest is on your own initiative without investment advice having been provided by a Financial Advisor.‘Final Price’ means the arithmetic average of the official closing Index level on the Final Valuation Date, on 3 December 2018 and on the 2nd day (or next business day) of each of the preceding 5 months (7 observations in total). Should any event occur that prevents one or more of the closing Index level observations being taken, the basis for calculating the Final Price may be adjusted at the discretion of the Bank having regard to the event in question.‘Final Valuation Date’ means 27 December 2018.‘Financial Advisor’ means a qualified financial advisor employed by the Bank or by a Financial Intermediary.‘Financial Intermediary’ means a regulated firm that is authorised by the Central Bank of Ireland to give investment advice and which is an appointed agent of the Bank.‘Index’ and ‘STOXX Europe Oil & Gas Index’ means the STOXX Europe 600 Oil & Gas Price EUR Index (Bloomberg: SXEP <Index>).‘Interest’ means the gross interest payable in accordance with Clause 8.‘Maturity Date’ means 2 January 2019.‘Start Date’ means 2 July 2015.‘Start Price’ means the official closing Index level on the Start Date.‘Term’ means the period from the Start Date to the Maturity Date.‘Terms and Conditions’ means the terms and conditions for the Energy Account.‘You/your’ means the person(s) (natural or corporate) depositing money in an account in accordance with these Terms and Conditions.2. Interpretation2.1 The Brochure and these Terms and Conditions constitute the main terms and conditions applicable to the Account but they do not cover every possible situation that may arise. Where they do not cover a particular situation normal banking practice will apply.2.2 In this Brochure and these Terms and Conditions, unless the context otherwise requires, a reference to:-2.2.1 clauses and schedules are to clauses of, and schedules to the Brochure or these Terms and Conditions as applicable, and the words “hereunder”,
“hereof”, “hereto” and words with similar meaning shall be deemed to be references to these Terms and Conditions as a whole and not to any particular recital, clause or schedule of these Terms and Conditions;2.2.2 the singular includes the plural and references to the plural include the singular; references to the male include the female and references to the female include the male; and references to the neuter singular gender throughout these Terms and Conditions shall include all genders and the plural;2.2.3 any statute or statutory provision shall be construed as a reference to the same as it may have been, or may from time to time be, amended, modified or re-enacted and shall include references to any provisions of which they are re-enacting (whether with or without modification);2.2.4 dates which do not fall on a Business Day shall be construed as references to the immediately subsequent Business Day;2.2.5 any other document referred to in these Terms and Conditions is a reference to that other document as amended, varied, novated or supplemented or replaced (other than in breach of the provisions of these Terms and Conditions) from time to time; and2.2.6 any party includes its successors and permitted assigns.2.3 Headings and titles are for convenience only and do not affect the interpretation or construction of these Terms and Conditions.2.4 In the Brochure, we may use examples to illustrate or explain a point covered by a clause but the clause and the meaning thereof is not limited to those examples.3. Availability of the Account3.1 The Account is available to persons aged 18 or over opening an account in their sole name or in joint names with another person. A Business Customer may also open an Account. The minimum deposit in the Account is €10,000 and the maximum deposit is €1,500,000. The minimum deposit in any one Version is €5,000.3.2 The Account is available for Applications until the Closing Date. Any Applications received after 4 p.m. on the Closing Date will not be accepted and any incomplete Applications received by the Bank prior to 4 p.m. on the Closing Date will not be processed. The Bank accepts no responsibility for Applications until they are received by the Bank in hard copy.3.3 The Bank reserves the right to close the offer of the Account at any time prior to the Closing Date for any reason it, at its sole discretion, determines. Prior to submitting your application, please confirm with your Financial Advisor or the Bank that the offer is still available.3.4 The Bank reserves the right prior to the Start Date for any reason it, at its sole discretion, determines not to proceed with this Account and to refund your investment.4. Account Opening4.1 Unless you are opening the Account on an Execution Only basis, your Financial Advisor is required to obtain and maintain sufficient information regarding your financial circumstances in order to comply with regulatory obligations to assess the suitability of the Account for your needs. You must also complete the relevant application form.4.2 To ensure compliance with our obligations in relation to anti-money laundering, the prevention of the financing of terrorism and to comply with taxation requirements, before you can open an Account and at anytime while you continue to hold and operate the Account, you will be required to produce to us the relevant documentation appropriate to your circumstances as set out in the Brochure or the Application Form.4.3 We reserve the right not to open an Account if we do not have satisfactory documentation that meets our legal and regulatory obligations in respect of anti money-laundering and the prevention of the financing of terrorism or for any other reason in our absolute discretion.
Terms and Conditions
10 Energy Account
4.4 You must immediately notify us in writing of any change in your name, address, telephone number or other contact details.4.5 To complete an Account opening, you must lodge funds by way of cheque, bankers draft or electronic funds transfer to the Account. Electronic funds transfers must be cleared on or before 26 June 2015. Cheque payments must be cleared on or before 30 June 2015. 4.6 No interest will be paid in relation to the period from receipt of the funds up to the Start Date or in the event that the Bank does not proceed with the Account on the Start Date.5. Right to Cancel AgreementYou have the right to cancel this agreement prior to the Start Date. If you wish to cancel, notice must be received in writing by KBC Bank Ireland plc, Sandwith Street, Dublin 2 before 4 p.m. on 1 July 2015. 6. Joint Accounts6.1 An Account can be opened in the name of more than one customer. The obligations of the Accountholders to the Bank in respect of these Terms and Conditions and in relation to all operations in connection with a Joint Account shall be joint and several.6.2 A Joint Account will always operate on the basis that any one Accountholder is authorised to operate and provide instructions in respect of the Account without the authority or consent of the other Accountholder. Therefore the instructions of one Accountholder shall be deemed to be the instructions of both Accountholders. If you wish to place any limitations on the operation of a Joint Account you must advise us in writing signed by both Accountholders. In order to close a Joint Account the written instructions of both Accountholders will be required.6.3 Correspondence and notices including statements in relation to Joint Accounts will be sent to or served on the first named Accountholder unless the other Accountholder directs otherwise in writing. Any such correspondence and/or notices so sent or served will be deemed to have been received and served upon both Accountholders.6.4 If we become aware of any dispute or disagreement in respect of the Account (including a dispute between joint Accountholders), we may suspend the operation of the Account with or without notice to you. No transactions or withdrawals will be permitted in respect of the Account until such time as we are satisfied that the dispute has been resolved. We shall not be liable for any losses, costs, fees or expenses that may arise as a result of the Account being suspended and you shall keep us fully indemnified against any costs, fees or expenses incurred by us in connection with the suspension of the Account.7. Your Investment7.1 Your investment is placed in a fixed term deposit account in your name with the Bank who is the ultimate provider of the capital secure portion of the deposit and any Interest payable in accordance with Clause 8 below. 7.2 In respect of the Secure Version, the Bank undertakes to repay 100% of your original investment at the end of the Term. 7.3 In respect of the Growth Version, the Bank undertakes to repay between 90% and 100% of your original investment at the end of the Term if the Index performance is between 0% and -10%. The amount you receive back will be reduced by 1% for every 1% fall in the level of the Index.8. Interest8.1 Any Interest payable on the Account will not be determined until the Maturity Date.8.2 Interest will be calculated by reference to the performance of the Index according to the following formula: {(Final Price-Start Price)/Start Price}8.3 In the Secure Version, Interest payable will be equal to 100% of the performance of the Index subject to a maximum return of 16%.
8.4 In the Growth Version, Interest payable will be equal to 200% of the performance of the Index subject to a maximum return of 32%.8.5 Any Interest earned on the Account will be dependent on fluctuations in financial markets that are outside the Bank’s control. The Bank gives no representation or warranty in relation to the possible future performance of the Index. Historical performance is no indication of future return.8.6 In the event of a corporate or other action fundamentally affecting the availability or valuation of the Index, the Bank will be entitled to substitute the Index or to make any adjustment that it deems appropriate in relation to any Interest applicable to Account.9. Early Encashment9.1 Your Account is a fixed investment for the Term and is intended only for investors who do not require access to their deposit prior to its maturity. Subject to Clause 9.2 below, no withdrawal may be made before the end of the Term.9.2 In exceptional circumstances the Bank may, at its sole discretion and subject to reasonable conditions, permit the early encashment of the Account. The capital security attaching to the Account applies only at the Maturity Date and will not therefore apply in these circumstances. If the Bank agrees to the early encashment of the Account, we will notify you of the realisable value (as determined by the Bank at its absolute discretion) applicable in those circumstances where early withdrawal from the Account is requested. The realisable value will include a deduction for an administration fee equal to 1% of the original investment amount, subject to a maximum sum of €1,000 per Account. A written statement from the Bank regarding the realisable value shall, in the absence of manifest error, upon acceptance be binding on you.10. Death of Accountholder10.1 We must be informed of the death or incapacity of an Accountholder and the necessary documentation in accordance with legal and regulatory requirements must be provided before any transaction will be permitted on the Account after the death or incapacity of an Accountholder.10.2 In the event of the death of a sole investor or surviving joint account holder prior to the expiry of the Term, the Account will continue to the Maturity Date in the name of the executor or administrator.10.3 In the event of the death of a joint Account holder prior to the Maturity Date, the Account will continue to the Maturity Date in the name(s) of the surviving joint Account holders with the monies paid to the surviving joint Account holder(s) on maturity subject to any rights of set off or any other rights of the Bank whether statutory or otherwise.10.4 In the event of the death of a beneficial owner of a pension plan prior to the Maturity Date, the Account may be encashed prior to the Maturity Date at the request of the trustee(s) of the pension plan. The capital security attaching to the Account applies only at the Maturity Date and will not therefore apply in these circumstances. The Bank will notify the pension trustee(s) of the realisable value (as determined by the Bank at its absolute discretion) applicable in those circumstances where early withdrawal from the Account is requested. The realisable value will include a deduction for an administration fee equal to 1% of the original investment amount, subject to a maximum sum of €1,000 per Account. A written statement from the Bank regarding the realisable value shall, in the absence of manifest error, be binding on you.11. Deposit Interest Retention Tax (‘DIRT’)11.1 In accordance with tax law, we are obliged to deduct DIRT at the then applicable rate from any Interest paid on the Account (unless you are entitled to an exemption and fulfil the required conditions).
Energy Account 11
It is the responsibility of Accountholders to seek any tax relief that may apply.11.2 A certificate of interest in respect of the Account, detailing the gross interest, the DIRT deducted, the net interest on the Account and the date of the payment of interest will be issued to you on an annual basis in conjunction with your statement. A certificate of interest will only be issued where interest has been paid in respect of the Account in a particular year.11.3 We will make all disclosures and provide all information required by the Revenue Commissioners and any other relevant authorities in accordance with applicable laws and regulations.12. Fees and Charges12.1 No fees, charges or expenses (other than those which may be applied in relation to early encashment as per Clause 9) are levied by the Bank in respect of the management and operation of the Account.12.2 Any benefit the Bank receives from your deposit held in your Account will be for the Bank’s own account and will not affect any Interest payable to you under these Terms and Conditions.13. Maturity13.1 The proceeds of your investment in the Account will be paid within five business days of the Maturity Date. No interest will be paid in relation to the period between the Maturity Date and the payment date.13.2 The Bank will contact you before the Account matures, advising you of the forthcoming maturity and seeking your instructions. If, for any reason, the Bank receives no specific instructions by the time the Account matures, the proceeds will be transferred to the Bank’s Standard Demand Deposit Account in your name and the then prevailing terms and conditions of the Bank’s Standard Demand Deposit Account will apply.14. Representations and Warranties14.1 Where the Accountholder is a natural person(s), you hereby warrant and represent to the Bank that:-14.1.1 I/We have read the Brochure including these Terms and Conditions and understand the nature and risk of investing in the Account.14.2 Where the Accountholder is a corporate entity, you hereby warrant and represent to the Bank that:-14.2.1 you are duly incorporated and validly existing under the laws of its jurisdiction of incorporation;14.2.2 the application form and the resolution contained therein have been duly and validly executed;14.2.3 the opening of the Account and the entering into and performance of this agreement are within your corporate powers, have been authorised by all necessary corporate actions, does not contravene any law or regulation, its constitutional documents or contractual restrictions binding on you and constitutes legal valid and binding obligations on you enforceable in accordance with their terms;14.2.4 there are no pending or threatened actions or proceedings before any court or tribunal nor are there any insolvency proceedings pending or threatened in connection with it; and14.2.5 it is opening the Account in the course of its trade, business or profession and that it is not acting as a consumer within the meaning of relevant Consumer Credit legislation, the European Communities (Unfair Contract Terms in Consumer Contracts) Regulations, 1995 or the Distance Marketing Regulations (or other consumer protection legislation or regulations protecting individuals who are acting outside their trade, business or profession) and that it is not entitled to the protections afforded to consumers by them.
14.3 Where the Accountholder is a partnership, trust, pension fund or charitable trust, you hereby represent and warrant to the Bank that:-14.3.1 the Application has been duly and validly executed in accordance with the partnership agreement or trust deed and you are duly authorised under the partnership agreement or trust deed to invest in the Account;14.3.2 the Terms and Conditions applicable to the Account are binding on you and there is a valid, binding and enforceable trust deed in place and the opening of the Account does not contravene any terms of the partnership agreement or trust deed, law or other contractual restrictions binding upon you.14.3.3 you are not (and would not with the giving of notice or lapse of time or the satisfaction of any other condition or any combination thereof) be in breach of or in default under the trust deed establishing the pension fund;14.3.4 all necessary consents and authorisations to enable or entitle you to enter into this investment and/or open the Account have been obtained and are in full force and effect and will remain in such force and effect at all times during the term of the investment.14.4 Where the Accountholder is an Approved Retirement Fund (or an Approved Minimum Retirement Fund), the Accountholder’s Qualifying Fund Manager hereby warrants and represents to the Bank that:-14.4.1 it is authorised by the Revenue Commissioners and14.4.2 the Application has been duly authorised and validly executed in accordance with the agreement of the beneficial owner.14.5 These warranties are deemed to be given on making the Application, on the Start Date and the date upon which any interest is credited to the Account.15. Telephone contact/electronic communication15.1 When you contact us about the Account we may ask you to confirm answers to previously nominated security questions. If you are unable to answer these correctly or if for any reason we doubt the validity of the inquirer we can request that the queries be submitted in writing to us, signed by the Accountholder(s).15.2 Telephone calls may be recorded to confirm instructions given, for staff training purposes, and under our quality assurance procedures. You hereby consent and agree to any such recording or transcript thereof being used in evidence in any litigation, arbitration, or other dispute proceedings. In addition you shall not object to any electronic records being relied upon by us, including in any litigation, proceedings or other dispute proceedings’ purely because they are in electronic form and may not be the best evidence available as to the matters to which they relate.15.3 You hereby authorise us to accept as legally binding and to act upon instructions communicated or transmitted to us by you or on your behalf by telephone, facsimile, electronic mail or any other electronic communications network or system operated by the Bank (‘electronic communications’) as well as those delivered by hand, post or courier. We are not obliged to accept and act upon such instructions however such instructions shall be binding on you and unless we specifically request it, no written confirmation is required before we shall act on such electronic instructions. If the security questions referred to at 15.1 above are answered to our satisfaction, we shall not be required to inquire further into the authenticity and genuineness of the person purporting to communicate the instructions. We may however at our absolute discretion seek such further authentication and/or confirmation in relation to the instructions as we determine to be necessary in the circumstances which may include requiring the Accountholder(s) to furnish such instructions in writing.
Terms and Conditions
12 Energy Account
15.4 We shall not be liable, responsible or accountable for any consequence arising due to any misinterpretation of, non-receipt or delay in receipt of, the non-transmission or loss in transmission of, or the illegibility of, the electronic communication containing the instruction.15.5 In consideration of us accepting instructions by way of electronic communication, you hereby undertake to indemnify us and keep us indemnified against all losses, claims, proceedings, actions, damages, costs, fees and expenses of whatever nature, howsoever incurred or sustained by us arising out of or in connection with such instructions so long as we have acted reasonably and in good faith.16. Notices16.1 Letters to the Bank can be posted to or delivered by hand and should be addressed to KBC Bank Ireland plc, Sandwith Street, Dublin 2.16.2 Any notices, demands or statements required to be sent to you shall, if sent by prepaid ordinary post be deemed given to you 48 hours after it was sent to your last known address or if given by hand, when delivered and if given by facsimile or secure email, when transmission is completed and confirmation receipt is received.17. CurrencyThe currency of the Account shall be Euro or such other currency as may from time to time be the lawful currency of the Republic of Ireland.18. Force majeureWe will not be in breach of our obligations under these Terms and Conditions nor liable to you if we are prevented from or there is a delay in providing any service to you or performing any of the Bank’s obligations hereunder (including carrying out any transactions or instructions received in respect of the Account) where such failure or delay arises because of any act of God, fire, act of government or state, war, terrorism, civil commotion, insurrection, embargo, failure of computer or communication system, prevention from or hindrance in obtaining energy or other supplies, labour disputes of whatever nature, late or mistaken payment by an agent or any acts or omissions of the Bank’s agents or third parties or any other reason beyond the Bank’s control.19. Set OffYou hereby agree that the Bank may at any time, without notice, notwithstanding any settlement of account or other matter whatsoever, combine or consolidate all or any of this Account and set-off or transfer any sum standing to the credit of this Account in or towards satisfaction of any of your obligations or liabilities to the Bank, whether such liabilities be present, future, actual, contingent, primary, collateral, several or joint. 20. WaiverNo time or indulgence which we may extend to you nor any waiver by us of any breach of any clause of the Terms and Conditions shall affect our rights and powers thereunder or affect our ability to enforce that term or condition at any time in the future.21. SeverabilityEach of the clauses, sections and sub-sections of the Terms and Conditions is severable and distinct from the others. If at any time such clause, section or sub-section is or becomes invalid, illegal or unenforceable, this will not affect the validity, enforceability and legality of any other clause, section or sub-section of these Terms and Conditions.22. Amendment and VariationThe Bank reserves the right to amend these Terms and Conditions during the Term where the Bank, at its absolute discretion, deems it necessary and appropriate or where there is a material legal, tax or regulatory change affecting these Terms and Conditions.
Any such changes will be consistent with our obligation to act honestly, fairly and professionally in your best interests. We will notify you where necessary of any changes at least 30 days in advance of such changes taking effect.23. Statutory Rights23.1 If there is any conflict between these Terms and Conditions and your statutory rights, your statutory rights will prevail.23.2 These Terms and Conditions will not affect any legal liability or duty of care which we owe to you by law, any other duty we have to act with skill, care and diligence in connection with the provision of this financial service to you or any liability we owe to you for failure to exercise the degree of skill, care and diligence that may reasonably be expected of us in the provision of this financial service.24. Liability and Indemnity24.1 Subject to Clause 23 but to the fullest extent permissible by law, we will not be liable for any direct, indirect or consequential loss or damage suffered by you resulting from or in connection with the performance by us of our obligations under these Terms and Conditions, the operation and management of the Account or the carrying out of transactions or instructions received in respect of the Account unless such loss, damage or liability is caused by our fraud, wilful default or gross negligence.24.2 You hereby agree to indemnify us in full against any loss, damage or expense which we may incur as a result of any breach by you of these Terms and Conditions.25. EndorsementThe Account is not sponsored, endorsed, sold or promoted by any of the companies included in the Index or by the Index sponsor, STOXX Limited.Neither any of these companies nor STOXX Limited has any obligation or liability in connection with the promotion or administration of the Account.26. Assignment26.1 The Bank may (without the need for any further consent from or notice to you) assign, transfer, sell or novate, or otherwise grant interests in or dispose of the whole or any part of the benefit of the Account and its rights and obligations thereunder.26.2 You may not assign, transfer, sell or novate or otherwise grant interests in or dispose of the whole or any part of the benefit of the Account and its rights and obligations thereunder without the prior written consent of the Bank.27. Information27.1 The Brochure, these Terms and Conditions and all information which we supply to you and all other communications with you will be in English. Information contained in this Brochure is correct as of 16 April 2015.27.2 You acknowledge that the Application is made on the basis of the Brochure and these Terms and Conditions, is subject to these Terms and Conditions together and that you have not relied on any representations or other information (whether oral or written) other than as set out herein.28. Governing LawYou agree that the Account and these Terms and Conditions (including any amendments made thereto) shall be governed by and construed in accordance with the laws of Ireland and that the courts of Ireland shall have exclusive jurisdiction to resolve any disputes arising out of or in connection therewith.
Energy Account 13
other INFORMATION FOR YOU
Conflicts of Interest It is the policy of the Bank to mitigate and where necessary avoid conflicts of interest when providing services to our customers. If conflicts arise and the cannot be easily avoided, the Bank will inform you of the potential conflict and will use reasonable endeavours to resolve such conflicts of interest to ensure you are treated fairly. You will be required to acknowledge the conflict of interest in a durable medium should you wish to proceed with the banking service.
Following the progress of your investmentFollowing the Start Date, the Bank will write to you to confirm the details of your Account. The Bank will then write to you on an annual basis, informing you of the performance of your deposit. On request, the Bank will provide you with an updated statement of your Account.
Data ProtectionThe details collected from your Application, together with any other information that is furnished to us in connection with your application or your Account (“Information”), will be retained and processed by us and our subsidiary companies for the following purposes: processing and assessing the application(s), administrating your Account, verifying the Information and otherwise meeting our legal and compliance obligations (which include those relating to the prevention of money laundering, financing of terrorism and fraud),quality control and group reporting and management, and if you have consented, for marketing purposes.
We may disclose Information in the following circumstances: to other companies within the KBC Bank Group, to our agents, advisers, service providers and contractors (and any subcontractors of the foregoing parties) for the above purposes, to other persons connected with your Account (e.g. company directors, partners etc.) and to your financial advisers or other intermediaries, in the context of a sale of our business; or where we are required by any regulatory body, law enforcement agency, court or other legal process.
Your Information can be processed, recorded and retained by us in electronic form. You agree that the Bank may communicate with you electronically in relation to your Accounts, and that it may rely on such electronic communications, records, originals and documents in any dealing with you.
You have the right to receive a copy of all personal data (within the meaning of the Data Protection Acts 1988 and 2003) relating to you which is held by us following a written request (for which a small fee will be charged) and to have any inaccuracies in your personal data corrected. You may be required to provide us with sufficient information to verify your identity and locate your data.
Complaints ProcedureWe aim to provide a friendly and efficient service to our customers and it is our policy to ensure that all your concerns are dealt with fairly and promptly. If you have any complaint in relation to the business services provided by us, you should outline the nature of your complaint to us in writing or by telephone. The complaint will be fully investigated by us and a full response will be provided to you. While our investigation of any complaint is ongoing, we will provide you with a regular written update. In the event you are dissatisfied with the outcome of your complaint you may be entitled to refer your complaint to:-
The Financial Services Ombudsman’s Bureau, 3rd Floor, Lincoln House, Lincoln Place, Dublin 2.Telephone: (01) 6620899Lo Call: 1890 88 20 90 Fax: (01) 6620890 Email: [email protected]
A copy of our complaints handling procedure is available on request.
3
3
3
Step by Step Guide to Account Opening3 simple steps to help you complete this formIn order to open your account successfully, please follow the simplesteps and submit all documentation required.
How to proceed1. Complete the Application Form in block capitals, tick the
appropriate boxes and sign where indicated.2. The following documentation is required to be provided
by personal investors for anti-money laundering and tax purposes:
Proof of Identity Copy of passport or full driver’s licence certified by your
Financial Advisor (if you have had face to face contact) or by one of the following: Garda, Accountant or Solicitor.
Proof of Address Two original utility bills, bank statements or Revenue
documentation as appropriate, less than 6 months old.
Verification of Tax Reference Number (PPSN)
An original document issued by the Revenue Commissioners or the Department of Social Protection bearing your PPS number (or a copy of same certified by your Financial Advisor).
Relevant documentation will be required for tax-free status in the case of qualifying individuals aged over 65 and non-Irish residents.
3. Ensure that this Form, together with appropriate funds and all relevant documentation, is received by KBC Bank Ireland no later than 4 p.m. on the Closing Date, 19 June 2015.
A separate Application Form as well as other documentation will be required for pension, corporate, charitable and other institutional applicants. Please refer to your Financial Advisor for more details.
14 Energy Account
I/We hereby apply for the Energy Account Series 2 and for that purpose
I/We hereby request you to open an account with KBC Bank Ireland plc in the name(s) of:
Part 1 of 4energy account series 2 Personal application form
Title Mr Mrs Miss Ms Dr
Full Name
Address
Email Address
Home Number
Mobile Number
Date of Birth
Place of Birth
Country of Birth
Nationality
Occupation
PPS Number
Employment Status
Paye Self-Employed Other (please specify)
Source of Funds:
Savings Sale of Assets Gift/Inheritance
Windfall Gain Settlement/Compensation
Other (please specify)
Are you a citizen of the United States of America? * Yes No
Are you resident in the United States of America
for tax purposes? * Yes No
If yes, enter your TIN number (Taxpayer Identification Number)
- - * Further information on FATCA please refer to www.kbc.ie
Title Mr Mrs Miss Ms Dr
Full Name
Address
Email Address
Home Number
Mobile Number
Date of Birth
Place of Birth
Country of Birth
Nationality
Occupation
PPS Number
Employment Status
Paye Self-Employed Other (please specify)
Source of Funds:
Savings Sale of Assets Gift/Inheritance
Windfall Gain Settlement/Compensation
Other (please specify)
Are you a citizen of the United States of America? * Yes No
Are you resident in the United States of Americafor tax purposes? * Yes No
If yes, enter your TIN number (Taxpayer Identification Number)
- - * Further information on FATCA please refer to www.kbc.ie
Personal Details 1st Applicant (BLOCK CAPS PLEASE) Please complete all sections
Personal Details 2nd Applicant (BLOCK CAPS PLEASE) Please complete all sections
D D M M Y Y Y Y
WARNING: IF YOU INVEST IN THIS PRODUCT YOU WILL NOT HAVE ANY ACCESS TO YOUR MONEY FOR 3½ YEARS.
Energy Account 15
Your Investment
Please confirm the following:
My/Our investment objective is: Capital security Capital growth Income generation
I/We wish to invest € in the Secure Version. Minimum €5,000.
I/We wish to invest € in the Growth Version. Minimum €5,000.
Total Investment € Minimum €10,000.
Please make cheques payable/arrange funds transfer to KBC Bank Ireland plc. Account details as follows:
Bank: Ulster Bank Address: 33 College Green, Dublin 2
Account Name: KBC Bank Ireland plc Deposit Account BIC: ULSBIE2D
Account Reference: Client Name / Energy Account 2 IBAN: IE18ULSB98501012254215
Bank Account Details for Interest Payments
You must complete this section in order to receive any interest payments.
Bank Name:
Bank Address:
BIC:
IBAN:
Account Name:
Account Reference: Energy Account
Customer Information
1st ApplicantAre you an existing customer? Yes No
If Yes, Account Number
Deposit Guarantee SchemeAre you an employee of KBC Bank Ireland? Yes No
If Yes, please provide details:
Are you connected professionally or related
to an employee of KBC Bank Ireland? Yes No
If Yes, please provide details:
Security Question(For telephone/email account enquiries)
1. Mother’s Maiden Name
2. Place of Birth
3. Favourite Colour
2nd ApplicantAre you an existing customer? Yes No
If Yes, Account Number
Deposit Guarantee SchemeAre you an employee of KBC Bank Ireland? Yes No
If Yes, please provide details:
Are you connected professionally or related
to an employee of KBC Bank Ireland? Yes No
If Yes, please provide details:
Security Question(For telephone/email account enquiries)
1. Mother’s Maiden Name
2. Place of Birth
3. Favourite Colour
16 Energy Account
Part 2 of 4ENERGY account series 2 Personal application form
Joint Accounts
Please select one of the following:
Statements and/or correspondence are to be sent to: jointly, to the first address individually, to each address
Please state any limitations that you wish to place on the Account:
WARNING: If the Account is a Joint Account then either Accountholder may provide instructions in relation to the Account and generally operate the Account without the consent or knowledge of the other Accountholder. Should you wish to impose limitations on the operation of the Account please notify us in writing on the Application Form above.
Declaration
1. I/We hereby request KBC Bank Ireland plc to open and continue a deposit account in my/our name(s) until the end of the Term.
2. I/We declare that the details above are correct.
3. I/We are over 18.
4. I/We were offered the facility of having a full financial review performed and, in such circumstances, were afforded the opportunity to avail of having a third party present during the investment sales process.
5. I/We have been provided with, understand and agree to bound by (1) the Terms and Conditions and (2) the Data Protection paragraphs set out in this Brochure.
6. I/We explicitly consent to the use, retention and reproduction of sensitive personal data (e.g. information about your health) and acknowledge that if I/we do not permit such processing, it will not be possible to provide me/us with this product.
7. I/We have sufficient other funds available in the event of an emergency arising to cover any expenses (such as medical and long-term care) that may occur during the investment term.
8. I/We understand that the investment will not be deemed to have been made until the application has been accepted by the Bank and that, if and when accepted by the Bank, the investment will commence on 2 July 2015.
9. I/We understand there is no access to the funds invested until maturity.
10. I/We understand that capital security is provided by the Bank.
11. Investment advice: I/we declare that –
Yes, I/we have received professional investment advice.
No, I/we have NOT received professional investment advice and wish to proceed on an Execution Only Basis.
I/We acknowledge that I/we have requested information on the Energy Account and confirm that I/we do not wish to provide informa-tion in respect of my/our financial history and investment objectives to determine the suitability of this investment for my/our purposes but wish to proceed with the investment on an Execution Only basis. By doing so I/we acknowledge that I/we are waiving my/our right(s) as a consumer in relation to the suitability of this product. I/We have not obtained any assistance in the choice of product from a Financial Advisor.
Please be advised that, if you have ticked ‘No’ above, the Bank does not have the information necessary to determine the suitability of the Energy Account for you and you make this investment at your own risk.
Signed: X Date:
1st Applicant
Signed: X Date:
2nd Applicant
D
D
D
D
M
M
M
M
Y
Y
Y
Y
Y
Y
Y
Y
Energy Account 17
Part 3 of 4energy account series 2 Personal application form
To Receive Promotional Communications
A member of the Bank may contact the person(s) identified overleaf in connection with this application. In addition, from time to time, the Bank would like to notify its customers of promotional offers, competitions and information on products and services available from KBC Group and carefully selected third parties. The personal data provided on this form may be used to send marketing material or to electronically communicate (by email or text message) or to telephone named customers about such products and services.
If you do not want to receive these communications, please tick this box: Applicant 1 Applicant 2
If you later decide that you do not want to receive this information you can write to
Marketing Department, KBC Bank Ireland, Sandwith Street, Dublin 2
or email: [email protected]
Intermediary Declaration
I have met the above applicant(s) face to face Yes No
I, the undersigned, declare that –
1. I have sighted all original relevant money laundering documentation in respect of the applicant(s) as per the Criminal Justice (Money Laundering & Terrorist Financing) Act 2010 (as amended) (the ”AML Act”) and any codes/instructions issued or approved by the Central Bank of Ireland or any other appropriate body, and have provided copies of the original documentation to KBC Bank Ireland plc. I certify that I will retain same for the required period of time taking into account the AML Act, any codes/instructions issued or approved by the Central Bank of Ireland or any other appropriate body and all other relevant legislation including but not limited to the Companies Acts 1963-2013 and the Statute of Limitations 1957-1991.
2. If the applicant(s) has/have obtained assistance in relation to this investment, appropriate fact-find and suitability obligations have been performed.
3. Where, during discussions with the applicant(s), you have identified any vulnerabilities, please advise the nature of the vulnerability:
4. If the application is being made on an Execution Only basis, the applicant(s) has(ve) been warned in writing that I do not have the infor-mation necessary to determine the suitability of this product for the applicant(s).
Financial Intermediary:
Financial Intermediary Code Number:
Financial Advisor Name:
Financial Advisor Signature:
Date: D D M M Y Y Y Y
18 Energy Account
Part 4 of 4Energy account series 2 Personal application form
About KBC
About KBCHeadquartered in Brussels, KBC Group is an integrated bank-insurance group focused on
serving retail, private banking, SME and mid-cap clients.
It occupies leading positions in its home market of Belgium and in the Czech Republic,
Slovakia, Hungary and Bulgaria, where it offers a comprehensive range of banking, asset
management, life and non-life insurance products and services. Apart from Ireland, it has a
limited presence elsewhere in the world, primarily to support corporate clients from its core
markets.
KBC Group is positioned as a well-capitalised and risk-aware entity that has set itself a
common equity ratio target under Basel III guidelines of at least 10.5% of total risk-weighted
assets. This stood at 14.3% fully loaded at 31 December 2014 at which point the Group tier-1
ratio under Basel III was 15.9%.
With a current stock market capitalisation of €24 billion, KBC Group is one of the 25 largest
financial organisations in Europe, employing some 36,000 staff worldwide and serving 10
million customers through more than 1,600 branches.
The banking unit within KBC Group is KBC Bank NV which has a current long term credit
rating of A- from Standard & Poor’s.
KBC Bank Ireland plc (‘KBCI’)KBCI is a wholly owned subsidiary of KBC Bank NV. It has a strong presence in Ireland where it has been operating for 40 years providing business and personal banking services to customers.
We are committed to delivering innovative personal banking solutions to our customers. With over 1,000 employees, you can be secure in the knowledge that you are dealing with a bank that understands your needs and is supported by a financially sound parent.
KBCI had a tier-1 ratio of 12.7% (Basel III) at 31 December 2014 and currently has a long term credit rating of BBB- from Standard & Poor’s.
The Bank is registered with the Companies Registration Office under registration number 40537. Its Value Added Tax number is 8F86824G.
KBC Bank Ireland plc is regulated by the Central Bank of Ireland.
You can contact us:(a) by calling in to any of our offices the locations of which are set out on our website or(b) by telephone at 1800 51 52 53 or(c) by email at [email protected] or(d) by writing to KBC Bank Ireland plc, PO Box 8666, Sandwith Street, Dublin 2.
Energy Account 19
KBC Bank Ireland plc is regulated by the Central Bank of Ireland. KBC/1746 -1 (04/15)
Join A bank that’s all about you
Pop in to one of our Hubs in Dublin, Kildare, Kilkenny, Cork, Limerick and Galway, call us on 1800 51 52 53 or talk to your Financial Advisor today.